Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover rate of 2.2. What amount would the company report for sales? O $6000,000 O $136,364 O $660,000 O $15.000
Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover rate of 2.2. What amount would the company report for sales? O $6000,000 O $136,364 O $660,000 O $15.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover rate of 2.2.
What amount would the company report for sales?
O $6,000,000
O $136,364
$660,000
O $15,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb4f300de-61c2-41b4-a064-bc006d7b726b%2Fd14d8bef-c479-4ad9-b1c5-74da4c297360%2Fa8evz8o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover rate of 2.2.
What amount would the company report for sales?
O $6,000,000
O $136,364
$660,000
O $15,000
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